Income Tax Return Filing Services in Bangalore

Income Tax Return Filing Services in Bangalore – Prakasha & Co., established in 2010, is the top provider of the ITR or the Income Tax Returns Services in Bangalore. The Income tax is the amount a person needs to pay to the government. Annually a businessman and the salaried person has to pay the tax at the end of the financial year. The Income Tax Act by the Indian Government was established in 1961. The central government through the service collects the tax from the working class.

Prakasha & Co. is the leading firm for Income Tax Return Filing Services in Bangalore. We are accompanied by CAs who use the method by which your tax is reduced. Under one roof Tax advisory and Tax Planning Services are offered.

Income is of five types, property income, professional income, salary income, income from the capital gain, and side incomes. All these when clubbed together make the annual income of a person. Although a person doesn’t need to have access to all. The government sets fixed rates for the income tax. Anyone with up to or more than 5 Lakh has to pay the Income tax yearly. Currently, a 30% income tax rate is set up by the government.

The ITR Filing has to be done by the experts. Prakasha & Co. provides Income Tax Return Filing Services in Bangalore for startups and the developer’s business. Get your ITR filing in Bangalore done by a professional. Get in touch for the best services.

Prakasha & Co. aims to provide tax services that meet your ends and reduce the stress of Income Tax filing. We regularly inform the clients with the advisory on how they can improve their business and invest. The scheme reduces the higher amount of taxes. 

Best Income Tax Return Filing Consultants in Bangalore 

Key players in the business are highly profited by the taxation service but only when they are associated with the team of tax filers. 

Prakasha & Co. leads the Income Tax Return Filing Services in Bangalore with its sustainable measures. Experienced and advanced workforce, and following the digitalized methods of service our team ensures an effective tax solution. We work to provide strategies that improve their working standards and reduce the chances of complications. 

Specialties: Registration, Company Setup, Tax Advisory, Accounting, GST, Audit, Legal Services, Trademark

We accompanied the advanced, tech-friendly, and lawfully aware staff that comes up with revolutionized ideas to bring an easy approach. 

Years of Experience: 15+ Years

As you walk on a successful path for your business growth, Prakasha and Co. actively guard you against any legal complexities. 

We other than accounting services also offer:

• GST registration
• Income Tax and IT returns
• E-TDS return filing
• Condutuion of Tax Audit
• Tax Planning
• Obtaining Tax Residency Certificate (TRC)
• Certification for repatriation of funds from India, etc.

Why are Income Tax Return Filing Services in Bangalore Important?

The Income Tax Act made in 1961 and implemented on 1st April 1962 states that any person in business, job, and any file that offers him finances needs to submit proof to the Indian government about his earned finances. He or she is answerable to the government if the tax is not paid regularly. 

Positive Aspect: The Income Tax Return is the best way to show your earnings in a much easier manner without any legal trouble.

The Income Tax Return is not applicable for those with less than Rs 2.5 Lac Per annum. But if your income exceeds the respected amount, you are eligible to pay the tax.

Benefit attained for the Income Tax Return Filing Services in Bangalore

• Easy loans from government banks such as for business, homes, and personal use. 
• You can claim the TDS very easily if you believe your tax deduction is done inappropriately. 
• The losses in finances (annual) are adjusted in Income Tax.
• Provision of a visa is easy. It is because your government’s record of financial stability is perfect.
• If you fill the income tax regularly, the chances of a penalty on income tax are reduced.   

Incom tax Inclutions:

• Salary or the monthly income
• Rent from the house also called Income from  personal property
• Capital or yearly financial gains.
• Profits from the job or business. 

Required Documents for Income tax Return Filing in Bangalore

Income Tax Filing on time is crucial to abide by all the tax regulations. The ITR  filing consultants at Prakasha & Co. ensure that clients stay updated on the changes in the income tax law and keep all the necessary documents arranged.  The documentation is a crucial part of the ITR filing process and ensures that the client is following all the legal formalities. The list of documents required for Income tax Return Filing in Bangalore is mentioned below:

• Stock trading statements from the broker platform
• Insurance policy paid receipts related to life and health
• Bank account information linked to PAN
• Aadhaar registered mobile number for e-verifying the return
• Interest certificates from banks
• PAN and Aadhaar
• Bank Statements
• Form 16

Associate With the Best Income Tax Return Filing Consultants in Bangalore 

Prakasha and Co. is a national best service provider for legal services. It accomplices strategies that make your income tax filing easy. There are various types of Income Tax and every year the the tax rates change.

We Keep ourselves up-to-date to ensure the taxation filed is as per the requirements of the government.

A step-by-step guide is what we follow, this makes us prevalent to not skip any guidance.

The process we follow for Income Tax Filing in Bangalore:

1. We begin by calculating the total amount of income followed by deductions, and the savings say SIP investment or any other. 
2. Our team then follows the standards of TDS as per the 26AS and TDS certification.
3. The CA of our group goes through the annual income tax a person has to pay.
4. A login on Incometax.gov.in from our end is credential and carefully filled.
5. After choosing the required form, we finally submit your tax to the government. 

Eligibility Criteria for Income Tax Return Filing in Bangalore 

The Income Tax is compulsory for persons less than the age of 60 years who are working. The senior citizen can pay the tax when their annual income is 3 lac and for anyone who is 80 years and above, the income tax is free with the 5 lac per annum. 

• The income tax is compulsory for small firms and companies in the case of LLP.
• The process of a Visa requires Income Tax documents. 
• The person with foreign accounts needs to pay the tax. 
• Anyone who owns a property and is the primary or secondary source of finances needs to pay income tax. 

Contact Prakasha & Co.

To learn more about Income Tax Return Filing Services in Bangalore, contact us at the details below.

Phone: +91 7019 827 351

Email: Prakashaandco@gmail.com

Frequently Asked Questions (FAQs) 

1. Why is ITR Filing in Bangalore important? 

Income tax return is not only our duty but also mandated by the government of India. However, the income tax is liable only if you meet certain criteria. This eligibility criteria includes an expenditure on foreign travel being more than Rs.2 lakh, electricity consumption of Rs.1 lakh or more, deposit an amount/aggregate of an amount above Rs.1 crore in one or more current accounts in FY 2019-20 or onwards.

2. Who is the Best ITR Filing Consultant in Bangalore? 

Prakasha & Co. has a team of the best ITR filing consultants in Bangalore dedicated to assisting clients in on-time income tax filing in Bangalore. Their experts are well-versed in the entire process and offer expert guidance at each step of the process.

3. What are the eligibility criteria for filing Income Tax Returns? 

There is a limit set by the government of India that directs citizens to file Income Tax Returns on time. These eligibility criteria include:

• TDS or TCS is more than Rs. 25,000
• Business turnover is more than Rs. 60 lakh
• Professional income is more than Rs. 10 lakh
• Deposited more than Rs. 1 crore in ‘current’ bank account
• Deposited more than Rs. 50 lakh in ‘savings’ bank account